Sept 2: Wall Street Wants Its Own Stablecoin as Bitcoin Miners Keep Pivoting to AI
Podcast Summary
Wall Street's largest banks are preparing their own stablecoin infrastructure while the London Stock Exchange Group and Kraken work toward tokenized UK stocks. Matt looks at whether bank-issued stablecoins can realistically challenge Tether and Circle, why stablecoin-yield rules could give traditional banks a competitive advantage, and how Robinhood's blockchain activity fits into the broader convergence between traditional finance and crypto-native markets.
The infrastructure story extends into AI and security. Hut 8's massive data-center agreements show how quickly Bitcoin…
The skinny
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